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Rainmaker
2,982,593
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

That was asked and answered just yesterday.

Feb 11, 2018 09:55 AM
Rainmaker
2,765,939
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I wish you all the best with your real estate studies. 

Feb 11, 2018 04:02 PM
Rainmaker
4,877,873
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

consideration is money, and it keeps everyone's interest in the early stages of an offer accepted.... that consideration is deposited immediately after the acceptance of the offer.

Feb 11, 2018 09:58 AM
Rainmaker
1,281,278
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Many answers here. 

Feb 11, 2018 01:09 PM
Ambassador
3,194,479
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Without consideration, you have no Contract in North & South Carolina...and likely most states but, I don't know about yours.

Feb 11, 2018 12:07 PM
Rainmaker
5,272,045
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is one of the elements of a valid contract.

Feb 11, 2018 11:57 AM
Rainmaker
3,767,046
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Barbara Todaro just answered your question but it was just asked..please take the time to look at other questions because you will find the answer.

Feb 11, 2018 10:45 AM
Ambassador
2,345,139
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Answered yesterday.

Feb 11, 2018 10:22 AM
Rainmaker
3,173,507
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Asked and answered yesterday. Scroll down!

Feb 11, 2018 10:16 AM
Ambassador
1,615,029
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Repetition helps the child to learn.

Feb 11, 2018 10:48 AM
Rainmaker
2,710,342
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good answers already.

Feb 11, 2018 10:05 AM
Rainmaker
726,125
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Look down 10 spaces in the Q & A roll for many answers.

Feb 11, 2018 09:50 AM
Ambassador
3,981,968
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I believe this was posted yesterday. 

Feb 11, 2018 03:10 PM
Ambassador
4,067,090
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I think that I just mentioned skin in the game a few lines down.

All the best to you with your classes, give me a call when you are ready to chose a broker.

Bob

Feb 11, 2018 01:30 PM
Rainmaker
4,323,202
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Barbara Todaro answered your question.  In the future, when asking a question, it would be a good idea to check this section and find out if your question was asked.

We are happy to answer questions provided it does not get repeated over and over again.  A

Feb 11, 2018 10:19 AM
Rainmaker
725,370
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Consideration is a basic requirement in any contract.

Feb 12, 2018 11:24 AM
Rainmaker
1,026,687
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Barbara Todaro has your answer.

Feb 12, 2018 10:51 AM
Rainmaker
3,049,971
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Nina Hollander nailed this one!

Feb 12, 2018 03:45 AM
Rainmaker
1,213,009
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Asking school questions anonymously is a violation of the rules, so I'm reporting you.

Other than that ask Melanie Tevere.  She asked this YESTERDAY!!!

Feb 11, 2018 07:57 PM
Rainmaker
2,426,599
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

You give to get and they get to give....In contract world, this seals the deal

Feb 11, 2018 05:01 PM
Rainmaker
1,459,697
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

You have many great answers here.

Oct 09, 2018 02:58 PM
Rainmaker
1,038,407
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

I looked at the questions asked before and this one has a lot of great answers.

Oct 09, 2018 02:55 PM
Rainmaker
4,026,777
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The earnest money put up by the buyer is the consideration.

Feb 14, 2018 08:03 AM
Rainer
5,688
Ramesh Anthony
Annie Mac Home Mortgage - Los Feliz, CA
FHA 203k and Homestyle Renovation Specialist

Consideration is something of value in exchange of the real estate. Usually it is money. However, other consideration of value, such as other property in exchange, or a promise to perform (i.e. a promise to pay) is also satisfactory.

Feb 12, 2018 07:05 AM
Rainmaker
1,367,627
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Consideration binds the two parties in a real estate contract.

Feb 12, 2018 06:57 AM
Rainmaker
2,904,939
Richard Weeks
Dallas, TX
REALTOR®, Broker

One of the required elements for a valid contract.

Feb 12, 2018 06:15 AM
Ambassador
4,298,326
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Well, that is required to bind both parties.

Feb 11, 2018 09:31 PM
Rainmaker
3,977,733
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Money

Feb 11, 2018 06:10 PM
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for the question.

Feb 11, 2018 10:16 AM